SoFi Social 50 ETF (NYSEARCA:SFYF) Sees Large Decrease in Short Interest

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,407 shares, a drop of 43.8% from the May 31st total of 6,057 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 4,898 shares, the days-to-cover ratio is currently 0.7 days.

SoFi Social 50 ETF Trading Down 0.6%

SFYF stock opened at $61.76 on Friday. The stock has a market cap of $41.38 million, a PE ratio of 31.66 and a beta of 1.52. SoFi Social 50 ETF has a 12 month low of $46.15 and a 12 month high of $65.38. The company has a 50-day moving average price of $61.61 and a 200 day moving average price of $56.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SoFi Social 50 ETF stock. American Trust purchased a new position in SoFi Social 50 ETF (NYSEARCA:SFYF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned 0.20% of SoFi Social 50 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About SoFi Social 50 ETF

The SoFi Social 50 ETF (SFYF) is an exchange-traded fund that is based on the SoFi Social 50 index. The fund tracks an index of 50 US listed stocks most widely held in self-directed brokerage accounts of SoFi Securities based on highest weighted average value. SFYF was launched on May 8, 2019 and is managed by SoFi.